NEW YORK, JUNE 11, 2012  JPMorgan Chase & Co. (NYSE: JPM)  Following the Federal
Reserves announcement on June 7, 2012 of proposed rules which will implement the phase-out of Tier 1 capital treatment for trust preferred capital securities, JPMorgan Chase & Co. announced today that each of the trusts listed
below will redeem all of the issued and outstanding trust preferred capital securities identified below on July 12, 2012 pursuant to redemption provisions relating to the occurrence of a Capital Treatment Event (as defined in the
documents governing those securities). In each case, the redemption price will be 100% of the liquidation amount of each trust preferred capital security, together with accrued and unpaid distributions to the redemption date. The redemptions will be
funded with available cash.

Trust

Security

Amount

CUSIP

JPMorgan Chase Capital XV

5.875% Capital Securities, Series O

$

92,939,000

46627NAA3

JPMorgan Chase Capital XVII

5.850% Capital Securities, Series Q

$

500,000,000

46627VAA5

JPMorgan Chase Capital XVIII

6.950% Capital Securities, Series R

$

750,000,000

481227AA4

JPMorgan Chase Capital XX

6.550% Capital Securities, Series T

$

909,576,000

48123CAA2

JPMorgan Chase Capital XXII

6.450% Capital Securities, Series V

$

913,773,000

48123QAA1

JPMorgan Chase Capital XXV

6.800% Capital Securities, Series Y

$

1,500,000,000

46631VAA9

JPMorgan Chase Capital XXVI

Fixed-to-Floating Rate Capital Securities, Series Z

$

1,815,000,000

48124G104

JPMorgan Chase Capital XXVII

7.000% Capital Securities, Series AA

$

1,000,000,000

48125BAA2

JPMorgan Chase Capital XXVIII

Fixed-to-Floating Rate Capital Securities, Series BB

$

1,500,000,000

48124Y204

Media Contact:

Joe Evangelisti

joseph.evangelisti@jpmchase.com

(212) 270-7438

Investor Contact:

Sarah Youngwood

sarah.m.youngwood@jpmorgan.com

(212) 270-7325

JPMorgan Chase & Co.

News Release

About JPMorgan Chase & Co.

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.3 trillion and operations worldwide. The firm is a
leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan
Chase & Co. serves millions of consumers in the United States and many of the worlds most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase &
Co. is available at www.jpmorganchase.com.